Russia now demands gas be purchased in Rubles, not the US dollar

SwizzLake

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Iran says they can put 3.5 million barrels a day within 2 months. That should ease things up while production ramps up in US and Canada

Even with an Iran deal, there isn't enough capacity to replace Russia's oil and gas output.

Also remember that gas that comes from Kazakhstan via the Caspian Pipeline Consortium goes through Russia.

Russia is a major problem.
 

Lord Beasley

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Even with an Iran deal, there isn't enough capacity to replace Russia's oil and gas output.

Also remember that gas that comes from Kazakhstan via the Caspian Pipeline Consortium goes through Russia.
this is parroted bs. Russian oil is just the cheapest right now, which means bigger profits
 

SwizzLake

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this is parroted bs. Russian oil is just the cheapest right now, which means bigger profits

Where does Europe get its gas now? Getting it from Russia means that they have to use Rubles to purchase. Is there an alternative?

 
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Leasy

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Russia's own leaders don't want rubles. They'd have done this a long time ago if they were serious. This seems like a desperate move.

If they were serious, they'd just adopt Chinese currency, not try to prop their own.

Exactly this is a desperation act by Russia because Rubles will never be on the level of the Dollar or the Chinese dollar. I bet he didn't consult the oligarchs regarding this announcement.
 

Harry B

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Germany fukked up thinking that Russia would become their friends, as did most US presidents.
Obama or especially Hillary Clinton was the only one that warned people that these dudes were not looking to enter a diplomatic friendly world.

Europe might need to fukk around and take big L's if they really want to punish Russia. Their current account is increasing cause the price of oil has been driven up and they are still allowed to supply as much as previously. As far as gas goes, it's a fortunate timing that it's not winter now.
 
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BigMoneyGrip

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Germany fukked up thinking that Russia would become their friends, as did most US presidents.
Obama or especially Hillary Clinton was the only one that warned people that these dudes were not looking to enter a diplomatic friendly world.

Europe might need to fukk around and take big L's if they really want to punish Russia. Their current account is increasing cause the price of oil has been driven up and they are still allowed to supply as much as previously. As far as gas goes, it's a fortunate timing that it's not winter now.


It’s why Biden got his foot in Putin’s neck and ain’t taking it off for the foreseeable future
 
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